So, Turns out Mr Bitcoin was a Psychopath CIA Spook the whole time, who would of thought?https://www.zerohedge.com/crypto/microstrategy-ceo-michael-saylor-sparks-outrage-his-crypto-custody-comments
I don’t disagree with him.Cold Wallet ledger technology is new and I don’t trust it not to break/malfunction
>>59109328What is this retarded conclusionSaylor is a retard and new that says nothing about OGs
>>59109342a private key is 32 random numbers between 0 and 255, and the signing algorithm uses an elliptic curve so huge that every computer on earth can pick any random point along its length and none of them will ever pick the same point. it's just probability
>>59109364That’s all well and good but how does that prevent people losing access and having no method of restoration?
He is right. Most people can't handle the responsibility. Also, "cold wallet" is a invention of github, and never existed in the first place, because you will need to synch your node in order to access your crypto, which can take days. Unless, of course, you want to trust third-party cellphone wallets, which is no different than having custody of your crypto. Funny thing is that many times those who support the "cold wallet" concept are also promoting LN wallets, which requires custody in order to operate. My wallet was never "cold" because I run my pruned node every day. If I close the wallet they get out of synch.
>>59109369failure of key management isn't a failure of the technology itself. nothing about the ledger "broke" if someone lost their key. that is human error.>>59109371you don't need to ever bring a cold wallet online. all you need to do is produce a signature offline, then transport and transmit it
>>59109378Do you trust the technology with your life savings? I wouldn’t personally.Also the nous needed to operate cold storage technology really doesn’t grant access to the masses - which is the point of sound money?
>>59109328Saylor is a crackhead nigger, only the 30iq maxis sucking his pecker all day, his voice is almost as disgusting as sbfs.
>>59109385The masses will be rugged continuosly until it learn to store its own keys. Like in evolution. It is the only way.
>>59109328Saylor is the guy getting big finance interested in Bitcoin. If he starts saying shit like "don't report finances, don't pay taxes, self custody and fuck the government" they're not going to play ball. He's being overly diplomatic in what he says. Not a big surprise
>>59109428Its just wonderful how fucking easy it is, esp when you dyor a few hours about your life savings, and still..... Niggers right now on this board are holding it on cexes :D its beautiful.
>>59109438I dont need (((big finance))) in my bitcoin! You think you are, is a corruption.
>>59109444Do you want to restore sound money to the masses?You need big finance to play ball.
>>59109439It isn't that easy for a long period of time and trying to be safe against many possibilities of attacks, including wrench attack.
Paranoid crypto anarchist is exactly what I am.
there's more chances you lose your password or your wallet than if you just bought MSTRcryptopunks are retarded. without the state you are dead. you have entire ARMIES that hate the west and will invade your country, steal your shit and rape your ass if they had the chance. are you going to call your personal army? kekwhat you want is that the state doesn't label you a criminal for investing on btc.
People cant just walk around with a swiss bank account in their pocket
>>59109486>you have entire ARMIES that hate the west and will invade your country>what you want is that the state doesn't label you a criminalthe state sounds like a very hostile entity towards both outsiders and its citizens if what you are saying is true
>>59109378Hes a fed paid by people who control the current financial system to deter people from freeing themselves. Don’t argue with that retard.
>>59109328nobody could have seen this coming
>>59109328he got into bitcoin in 2020 is it really that surprising
>>59109510yeah bro the state hates north korea and iran the same as it does your ass
>>59109328>zerohedgeStay poor, maggots
>>59109328>paranoid crypto anarchistyes, I did roll my own private key using casino dice. 99% of /biz/ is too retarded to use bitkey
>>59109568>ad hominem
a couple years ago he already made a joke about muh boating accident in defense of the sovereignty of bitcoin... that was before MSTR got as big as it is now, this anon >>59109438 is correct. he never changed his views probably, just plays his cards correctly for the position that hes in. nothing he says or does is gonna change the course for self custody and he knows this, so why not just keep tradfi happen and keep them buying our bags
>>59109342>I don’t trust it not to break/malfunctionThen you dont trust crypto at all?!? wtf lol
>>59109364>and none of them will ever pick the same point.fake
>>59109486found the obese FBI kike
>>59109328This was known from the beginningnext step is satoshi is a group of CIA NSA spooks
>>59109364i agree with saylor. i think private keys are even retarded and totally schizo at this point. all my shit are on exchanges steadily making money. you're eventually going to have to put the shit back on some exchange to cash it out anyway. 2-step verification works well enough for me. fuck, i even trust google wallet with all my credit cards. quit treating bitcoin like youre selling drugs or cp on the now defunct freedom hosting site
